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Lebanon and Austria produce both paper and almonds. The amount of labor required to produce 1 unit of each good is given by the table
Lebanon and Austria produce both paper and almonds. The amount of labor required to produce 1 unit of each good is given by the table below: Amount of Labor to Produce 1 metric ton of Paper Amount of Labor to Produce 1 lb. of Almonds Lebanon 5 4 Austria 8 12 Suppose each country has 6000 workers. 1. Which country has comparative advantage in paper production? In almond production? What is the expected pattern of trade? Why? Show your calculations
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